Launched in 2018, Uniswap (UNI) is a decentralized exchange built on top of the Ethereum blockchain that employs automated market-making as its trading model. Being one of the first exchanges in the DeFi market, it has become a favorite for many crypto enthusiasts, controlling over 19% of the DeFi market value and amassing over $4 Billion in market cap. However, another trading platform is attempting to overtake Uniswap (UNI) at the top of the DeFi scene. The platform, ETFSwap (ETFS), has wooed many institutional investors with its innovative approach and abundant potential. That is why its presale is selling fast, with over 19 million tokens already sold. This article will reveal what it is about ETFSwap (ETFS) that institutional investors find so attractive and how you can join the winning team before the presale ends. Why ETFSwap Overtake Uniswap (UNI) To Become King Of DeFi ETFSwap (ETFS) is a decentralized platform that aims to bridge the gap between exchange-traded funds (ETFs) and the Decentralized Finance (DeFi) world. It plans to accomplish this by tokenizing these ETFs on the blockchain to provide ample liquidity for traders. This unique model comes at a time when institutional interest in cryptocurrencies is at its peak, with over ten crypto ETFs approved for trading in the United States alone. These ETFs have brought Billions of Dollars of liquidity into the crypto world, fuelling the start of the bull market and propelling Bitcoin (BTC) to new highs. However, while this is good news for the general crypto market, these ETFs are only available for trading on the centralized entities that offer them. This goes against the principle of decentralization, on which blockchain technology is firmly founded. Many of these ETFs cannot also be easily converted into fiat or other cryptocurrencies. The ETFSwap platform is the perfect solution to these problems. It offers spot and future crypto ETFs, along with commodity, market, and fixed-income ETFs. These ETFs can easily be traded into fiat or popular cryptocurrencies with up to 10x leverage. The cherry on top is that no KYC process is required from anyone who desires to trade. Talk about complete decentralization! This is a unique product because there is currently no other platform offering this blend of ETF accessibility with on-chain technology and real-time conversions. What is more, this product is still in its infancy, offering a rare opportunity for interested investors to be early birds in a blue-chip project. So, how can you latch on to this unique opportunity? Find out below How To Join The ETFS Presale The ETFSwap (ETFS) team has successfully raised about $750,000 in a private sale round. This was done with investment from three angel investors and two institutional investors. The private sale was followed by the first stage of the presale, with over 19.5 million tokens sold so far at the low price of $0.00854. Stage 2 of the presale will kick off with each token selling for $0.01831. The team has also engaged in an extensive audit of its platform with the help of Cyberscope, a renowned blockchain security platform. The audit performed by Cyberscope pronounced the ETFS token free from security vulnerabilities and ensured that the entire platform was safe to transact. Thus, you have nothing to fear when you invest. Experts have speculated that the ETFS token will easily reach $1 when fully launched. This represents a massive return on investment for smart investors who join the presale now. You can buy with credit and debit cards. You can also buy with BNB, USDC, BUSD, ETH, and USDT. For more information about the ETFS Presale: Visit ETFSwap Presale Join The ETFSwap Community Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here. The post Institutional Investors Back ETFSwap (ETFS) Over Uniswap (UNI) To Become The Leading DeFi Trading Platform appeared first on The Merkle News.
PYMNTS Intelligence has closely watched the two leading U.S. retail giants â Amazon and Walmart â duke it out since 2019, sharing our findings in regularly released reports. As our most recent edition of Whole Paycheck Report, âNew Consumer Spend Data Finds Amazon Way Ahead of Walmart,â shows that, despite ever-changing market conditions, Amazon has leveraged a slow, steady climb that started in 2019 and has evolved into its current position of dominance over the U.S. retail market. As the accompanying graph illustrates, as of Q1 2019, Amazon laid claim to 1.7% of total U.S. consumer retail spending (1 percentage point lower than Walmartâs 2.7% share, and at the scale of U.S. consumer spend, that is a large difference), and for more than a year, the eCommerce giant continued to significantly lag behind Walmart in terms of the retail consumers it served. That changed in Q3 2020, when sales for both organizations accounted for 2.9% of consumer retail spending. After that, the tide began to turn in favor of Amazon. From Q3 2020 through Q2 2022, the two retailers found themselves in a heated race, except for a new pattern that emerged where Amazonâs sales in the final quarter of each year surged past Walmartâs. Otherwise, the race between the two retailers was fairly neck and neck. After their paths crossed in Q2 2022, Amazonâs sales numbers started surging past Walmartâs in a serious way (buoyed perhaps by a major shift in preferences for online shopping amidst the pandemic). The eCommerce giant hasnât looked back since. Â More recent PYMNTS Intelligence data â as of Q4 2023 â confirms Amazon has extended its leadership by putting a stake in several key discretionary categories, including home furnishings, electronics, personal care items and clothing. Not only did sales in these areas help Amazon take control of 4.4% of all U.S. consumer spending as of Q4, but they also helped the Big Tech firm lay claim to 10% of all gross 2023 U.S. retail sales last year. At the same time, Amazon also saw a 17% growth spurt in its online sales year over year, with Q4 2023 online sales alone totaling $22.1 billion, accounting for 16% of all of its 2023 sales. Walmart, meanwhile, trailed Amazon in Q4, 2023 online sales, but its overall performance was still noteworthy given Amazonâs online presence. While PYMNTS Intelligence data shows Walmartâs share of retail sales and consumer spending has been mostly flat quarter over quarter since early 2021, the company ended 2023 by capturing 7.3% of all U.S. consumer retail spending in Q4 2023. The retailer also captured 3% of all U.S. consumer spending that quarter, which translates into nearly $141 billion in sales. Although this data reinforces Amazonâs current control of U.S. retail sales, itâs important to remember that Walmart is more than holding its own and, taken together, sales figures for both retailers accounted for 6.5% of all 2023 U.S. consumer spending last year. The post Amazon-Walmart Rivalry for Consumer Retail Spend Turned in 2022 appeared first on PYMNTS.com.
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The post Bitcoin Halving Might Trigger A âSell The News Eventâ:Hereâs How BTC Price Could React appeared first on Coinpedia Fintech News Bitcoin (BTC) halving is an event where the reward for mining a BTC block is reduced by half every 210,000 blocks, approximately every four years. As this event is just under 70 blocks away, the BTC price has rallied from its recent low of below $60,000 on Wednesday, targeting a retest of the $65,000 mark. Nevertheless, there could be a potential selloff following the halving due to a growing âsell the newsâ sentiment. Hereâs How BTC Price Might React Experts suggest there may be an immediate âbuy the rumor, sell the newsâ impact on Bitcoinâs price surrounding the halving event. Vetle Lunde, a senior analyst at K33 Research, believes that the effects of reduced BTC issuance will take months to manifest, and therefore does not anticipate a significant rally either before or immediately after the halving. This view is supported by analysts at Deutsche Bank, who note that the market has likely already partially accounted for the Bitcoin halving. They do not expect a substantial price increase following the event, given its anticipation due to the predictable nature of Bitcoinâs algorithm. Looking forward, they expect Bitcoin prices to remain higher, influenced by expectations of future regulatory changes, potential central bank rate cuts, and approvals for spot Ethereum ETFs. Data from CryptoQuant shows that big investors and Exchange Traded Funds (ETFs) are buying less Bitcoin. This reduction is probably due to worries about the market and upcoming changes from the Bitcoin halving event. Analysts anticipate a potential Bitcoin price dip to $62,000 post-halving due to short-term selling by miners. Yet, this drop could spark investor interest, leading to a subsequent price rebound. Expertsâ View On Bitcoin Price Binance CEO Richard Teng noted that historically, Bitcoin has seen significant price increases in the six months following each halving event. He added that Bitcoin has achieved new all-time highs in the four-year intervals between previous halving events. Every time a Bitcoin halving event is near, people often discuss whether its effects are already factored into the price. Unlike previous cycles, Bitcoin reached a new high of $73,836 just before the fourth halving on March 12, leading analysts at the cryptocurrency exchange Coinbase to suggest earlier this month that the halving might have been priced in. Investment bank JPMorgan does not anticipate increases in Bitcoin prices following the halving, as they believe these effects have already been considered in the market prices. They also noted potential reasons for expecting a decrease in Bitcoin prices after the halving. Greg Beard, CEO of Stronghold Digital Mining, stated that while some base their predictions of rising Bitcoin prices on technical analysis, he focuses on the fundamental principles of supply and demand, which lead him to similarly promising conclusions. Bitcoin may be overbought, analysts say, but John Glover, CIO at Ledn, urges patience regarding the market impact of reduced supply.
The post Will Bitcoin Halving Spell Doom or Opportunity for Meme Coins like Shiba Inu (SHIB) and Furrever Token (FURR)? appeared first on Coinpedia Fintech News As Bitcoinâs halving approaches, the cryptocurrency market is bracing for potential shifts in sentiment and valuation. This event historically impacts various segments of the crypto space, including meme coins like Shiba Inu (SHIB) and Furrever Token (FURR). While some anticipate increased volatility and uncertainty, others see it as an opportunity for these meme tokens to assert their resilience and utility. The looming halving prompts questions about how these tokens will fare amidst the evolving landscape of digital assets, making it a crucial moment for investors to gauge their strategies and assess the potential risks and rewards. So, What Is This âBitcoin Halvingâ That Everyone Talks About? Bitcoin halving, a pivotal event in the Bitcoin protocol, unfolds roughly every four years or after every 210,000 blocks mined. This process entails reducing the rewards miners receive for validating transactions on the Bitcoin network, halving the number of new Bitcoins created with each block. As a fundamental aspect of Bitcoinâs monetary policy, halving serves to regulate its supply over time. Initially set at 50 bitcoins, the block reward undergoes successive reductions with each halving event. Previous halving dates include November 28, 2012, which saw the reward decrease to 25 bitcoins, followed by July 9, 2016, when it halved to 12.5 bitcoins. The most recent halving occurred on May 11, 2020, reducing the reward to 6.25 bitcoins. Anticipated around April 2024, the next halvingâexpected around the 20th or 21st of Aprilâwill further diminish the block reward to 3.125 BTC. This impending event profoundly impacts miners, investors, and the broader market landscape, shaping the trajectory of Bitcoinâs supply dynamics and market behavior. How Does It Work? The process of halving is fundamental to Bitcoinâs design and serves multiple purposes. Firstly, it ensures that the total supply of Bitcoin is finite, with a maximum cap of 21 million coins. By gradually reducing the rate at which new Bitcoins are introduced into circulation, halving events contribute to the scarcity of Bitcoin, a feature often cited as one of its key value propositions. This scarcity is intended to mimic the properties of precious metals like gold, which are also limited in supply. Is There Any Impact on Markets, Miners, or Investors? From a market perspective, Bitcoin halving events have historically been associated with increased volatility and speculation. As the supply of new coins decreases, there is often anticipation of a corresponding increase in demand, driven by factors such as growing adoption, institutional interest, or macroeconomic uncertainty. This heightened demand can lead to upward pressure on Bitcoinâs price as investors seek to accumulate coins in anticipation of potential future appreciation. However, the impact of halving events on miners can be more nuanced. While halving reduces the rewards miners receive per block, it also serves to increase Bitcoinâs scarcity and, by extension, its value. Miners who continue to operate efficiently and at lower costs can still remain profitable, especially if the price of Bitcoin rises post-halving. However, for less efficient miners or those operating with higher costs, the reduction in block rewards can significantly impact their profitability and may lead to consolidation within the mining industry. For investors, Bitcoin halving events present both opportunities and risks. On one hand, the anticipation of reduced supply and potential price appreciation can incentivize accumulation and long-term investment strategies. On the other hand, heightened volatility and uncertainty surrounding the event may lead to short-term fluctuations in price, creating challenges for traders seeking to time the market effectively. Ultimately, the long-term implications of Bitcoin halving events depend on a variety of factors, including market sentiment, adoption trends, and macroeconomic conditions. Understanding SHIBâs Prospects Post Bitcoin Halving If Shiba Inu mirrors its previous surge, it could potentially experience a significant uptrend after the Bitcoin halving, reaching as high as $0.006539, reflecting a remarkable increase of up to 30,385%. With the Bitcoin halving imminent, discussions on its potential impact on Bitcoinâs price intensify. Occurring approximately every four years, this event aims to reduce the daily inflation rate of new BTC tokens, which has historically led to rapid price surges in Bitcoinâs post-halving value. SHIB has historically capitalized on broader crypto market trends, witnessing an astronomical surge of 303,851% from February 1, 2021, to October 2021, reaching its all-time high of If Bitcoin replicates its previous post-halving surge of 711%, reaching approximately $513,000, and SHIB mirrors its historical surge, investors could anticipate SHIBâs price soaring from its current level of $0.00002145 to $0.006539, capturing a fraction of its previous surge, around 30.385%. Unlocking the Potential: How Bitcoin Halving Could Catapult Furrever Token (FURR) Post-Presale Furrever Token (FURR) presents a unique proposition in the crypto space, leveraging the universal appeal of cute kitties to create a whimsical and heart-warming ecosystem. With its emphasis on fun and community engagement, FURR aims to stand out amidst the sea of serious blockchain projects. The tokenomics of Furrever Token are structured to ensure a fair distribution, with 65% available during the presale stage, facilitating broader community participation. The teamâs commitment to security and compliance is evident through the smart contract audit received from Securi Lab and the implementation of safety measures. As Furrever Token progresses through its presale stages, already halfway through within just one month, investors are increasingly drawn to its potential for up to 15X returns, with the current price at $0.000564. Looking ahead, the impending Bitcoin halving event could serve as a catalyst for FURRâs price post-presale. Historically, Bitcoin halving events have triggered significant price rallies in the broader crypto market, and FURR could benefit from this upward momentum. As investors seek alternative investment opportunities amidst the evolving market dynamics, Furrever Tokenâs unique value proposition and strong community engagement could position it favorably for substantial growth post-presale. With its launch planned on DEX (PancakeSwap) and a variety of payment options accepted, including USDT (BEP-20), Furrever Token offers accessibility and convenience to investors. As the project continues to gain traction and legitimacy, investors are increasingly turning their attention to FURR as a promising investment option in the meme coin space.Secure the Most Exclusive Presale Opportunity of 2024 Today!Furrever Token Official Website |  Visit Furrever Token Presale Join Official Telegram Group    |  Follow Official X Account
The blockchain is emerging as a critical security-provider for decentralized apps and as an asset with newfound utility and interoperability.